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Sanxun Holdings Group Limited ( (HK:6611) ) has issued an announcement.
Sanxun Holdings has issued a quarterly update on its efforts to resume trading in its shares on the Hong Kong Stock Exchange, confirming that while its property development and investment operations in China remain normal, it is still unable to publish its 2024 annual and 2025 interim results due to unresolved audit and documentation issues. Key hurdles include completing revenue recognition and cost documentation for property sales, obtaining valuation and impairment-supporting materials for projects, finalising contract liability and revenue timing analyses, securing critical bank and counterparty confirmations, and completing going-concern assessments, leading the company to target end-May 2026 for releasing its 2024 annual results and report and by end-June 2026 for its 2025 interim results, while trading in its shares remains suspended until resumption guidance is fully met.
More about Sanxun Holdings Group Limited
Sanxun Holdings Group Limited is a Cayman Islands–incorporated company principally engaged in property development and property investment in mainland China. As of the date of the announcement, the group reports that its core business operations are continuing as usual in all material respects, with the board pledging ongoing monitoring of its financial condition and operating performance.
Technical Sentiment Signal: Sell
Current Market Cap: HK$31.07M
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